Gold trading strategy: In the near-term, safe haven demand is somewhat subdued due to US-China trade truce extension and hopes from the upcoming US-Russia meeting in Alaska.
Despite a tough macro backdrop, the domestic jewellery business of Tanishq, Mia, and Zoya grew 17 per cent year-on-year (Y-o-Y), with same-store sales up 12 per cent
Gold faces a strong resistance at $3420 (₹102,300 at INR/USD rate of ₹87.43) as posed by the 4-month-old trendline.
President Trump said that US tariffs on semiconductor and pharmaceutical imports would be announced within the next week or so. Tariffs of pharmaceuticals could be as high as 250 per cent.
Considering the US GDP data, weekly job report, hot PCE report and calm in the wider markets despite tariffs, gold is susceptible to further decline in the near-term, says Praveen Singh of Mirae Asset
In their bear-case scenario, WGC sees gold prices dip 12 - 17 per cent in H2-CY25 finishing 2025 with positive but low double-digit (or even single-digit) return
Gold price outlook: The yellow metal price is likely to be influenced primarily by the US Dollar Index and tariff news flow
Gold is likely to range-trade unless and until major breakthroughs in trade deals happen, or tariff tensions are ratcheted up further
Gold prices are caught between the impact of strong US data and the possibility of trade friction as trade negotiations continue
Gold price: The yellow metal has witnessed a stunning double-digit rally of roughly 30 per cent so far this year, aided by geopolitical tensions
Demand for the yellow metal is ebbing as prices continue to soar
Dip buying in gold is advisable as the key US macroeconomic reports have not been so encouraging
Gold outlook: Spot gold is likely to range trade ahead of the US ISM services and nonfarm payroll reports
RBI's balance sheet grew to ₹76.25 trillion in FY25 with a record ₹2.69 trillion surplus and higher gold, domestic and foreign investments; gold holding rose 57.48 tonnes
As traders remain hopeful about further improvement in the global trade scenario, upside in the metal may be limited in the near term, says Praveen Singh
Gold prices are likely to stagnate or even decline by 5 per cent to 10 per cent over the next year, as it potentially underperforms global equities
Domestic gold prices hit a record high of ₹99,358 per 10 grams earlier this month
The metal may test $3372-$3400 resistance zone. Upside is likely to be capped at $3400 in the short-term
In early 1980, investors, according to Capitalmind, were inspired by the stellar returns of the 1970s. If they invested in gold back then, they would have faced two decades of negative returns.
With budgets under strain, shoppers are turning to old jewellery to meet new needs